Endeavour Silver (TSE:EDR) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.82 and traded as high as C$6.34. Endeavour Silver shares last traded at C$5.97, with a volume of 654,952 shares changing hands.

Wall Street Analyst Weigh In

EDR has been the topic of several analyst reports. CIBC increased their price objective on Endeavour Silver from C$6.00 to C$7.00 in a research note on Wednesday, July 10th. TD Securities increased their price target on Endeavour Silver from C$7.00 to C$7.50 in a research report on Friday. Finally, BMO Capital Markets lifted their price objective on Endeavour Silver from C$6.00 to C$7.00 in a research note on Friday, August 2nd.

Endeavour Silver Stock Up 12.1 %

The company has a quick ratio of 2.38, a current ratio of 2.02 and a debt-to-equity ratio of 14.58. The stock has a market cap of C$1.62 billion, a PE ratio of -82.50, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92. The firm has a fifty day moving average of C$4.86 and a 200 day moving average of C$4.85.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.